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Cantwells Market & Deli

1533 State and 11 West Arrellaga, Santa Barbara, CA 93101


9,100 SF | Retail

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Nighttime picturesque on State Street

Retail Property For Sale

Gross Leasable Area:
9,100 SF
Property Type:
Property Sub-type:
Neighborhood Center
Property Use Type:
Net Lease Investment with
10+ years left on lease
Commission Split:
Cap Rate:
No. Stories:
Year Built:
Lot Size:
0.43 AC
APN / Parcel ID:
Listing ID
Last Updated
13 days ago

Find Out More...


  • A+ location with an outstanding tenant and guarantor
  • Long term lease available at $2.75 s.f / month.
  • High profile portfolio property dowtown on State Street
  • Appealing architecture, good condition, level parcel, mountain views.
  • Clean Environmental Report is available.


NNN INVESTMENT yields a 5.5% CAP at full asking price! With a high-profile location on State Street, this portfolio property consists of 2 Spanish-tiled buildings totaling 9,100 s.f. of improvements on an 18,879 s.f. corner parcel. This location is on the business corridor of one of the most valuable commercial districts in the nation and sees 30,000+ cars a day.

This property is leased to Cantwells Market paying $2.75 s.f / month =$300,300 annual. At full asking price, this NNN investment can generate a 5.5% CAP! Tenant is a great guarantor and business has been wonderfully successful since 1982!

Call listing agent for details.

The Cantwells Market property is on the corner of Arrellaga and State Street, a prime piece of FEE SIMPLE real estate. It is ideally-located smack-dab on the business corridor of one of the most valuable districts in the nation. Excellent visbility, high traffic (over 30,000 / day), loads of parking and easy-access. Take Hwy. 101 north to Arrellaga exit and go to State Street. OR, from the pier, go directly up State Street to Arrellaga.

Financial Summary

Major Tenant Information

  • Actual
  • 2012
  • $300,300
  • $300,300
  • $0
  • $300,300
  • $300,300

Map of 1533 State and 11 West Arrellaga, Santa Barbara, CA 93101

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Contact Listing Broker to find out more details.

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Cantwells Market & Deli
  • Retail
  • $5,495,000
  • 9,100 SF